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Pomelo bags spot for ‘promising fintech companies’
This development follows reports that Pomelo has successfully secured $35 million in venture capital from multiple investors, coupled with a substantial $75 million expansion of its warehouse facility......»»
Pomelo bags spot for ‘promising fintech companies’
This development follows reports that Pomelo has successfully secured $35 million in venture capital from multiple investors, coupled with a substantial $75 million expansion of its warehouse facility......»»
ACEN receives $150 million green term loan from SMBC
A subsidiary of ACEN Corp. has inked a $150 million green term loan facility with Sumitomo Mitsui Banking Corp. to bankroll investments in renewable energy projects across the region......»»
Asialink secures P300 million credit line from Taiwanese bank
Asialink Finance Corp. has secured a P300-million credit line facility from Taiwan’s Cathay United Bank, shoring up resources that small borrowers can tap into for their expansion plans......»»
NAIA passenger volume exceeds 8 million in 2 months
Air travel in the Philippines is showing signs of returning to pre-pandemic levels in 2024, as the Ninoy Aquino International Airport improved its passenger footprint by 13 percent in the first two months of the year......»»
Disney+ Loses 1.3 Million Subscribers After Price Hike
Disney+ has seen a decline in its subscriber base by 1.3 million following a price increase implemented in the final quarter of 2023 while being able to mitigate losses by a noteworthy $300 million. During the Q1 FY24 Earnings Call, Disney revealed that Disney+ witnessed a drop from 112.6 million subscribers on September 30, 2023, […].....»»
Globe reports steep 73.7% decline in blocked bank-related spam, scam SMS in 2023
The telecommunications company Globe has reported a significant 73.7% decrease in the number of blocked spam and scam SMS related to banks in 2023. This reduction is a result of the interception of 21.9 million bank-related fraudulent messages, a sharp decline from the 83.39 million messages blocked the previous year. Globe attributes this achievement to its proactive strategies and strong partnerships with major banks and financial institutions in the Philippines. The company has established anti-fraud alliances with the Bankers Association of the Philippines and individual players in the finance sector, enabling the sharing of data and intelligence to prevent and investigate fraud effectively. Anton Bonifacio, Chief Information Security Officer at Globe, emphasized the company's commitment to combating financial fraud and enhancing security measures for customer protection. Globe has invested approximately US$20 million to improve its spam and scam SMS detection and blocking system and operates a 24/7 Security Operations Center to filter out unwanted messages from both international and domestic sources. Despite certain limitations, Globe remains dedicated to customer protection and emphasizes the need for a unified approach in the fight against fraud. The company is focused on leveraging technology and strengthening alliances with key stakeholders to combat fraudulent activities. As Globe continues to advance its technologies and collaborations, it aims to provide a safer and more secure digital environment for its customers. For more information about Globe and its initiatives, visit www.globe.com.ph. (SPONSORED CONTENT).....»»
EY GDS Announces Plans to Hire Talent for Expanding Cybersecurity Operations in Cebu
EY Global Delivery Services (EY GDS) has announced that it will be hiring more talent for expnding its cybersecurity operations in Cebu. This announcement follows the successful launch of its advanced, multi-million facility in Manila in September 2019. EY GDS talent expansion plans are in response to the growing need for augmenting its pool of […].....»»
Metrobank eyes return to offshore debt market
Metropolitan Bank & Trust Co. is returning to the offshore debt market to raise at least $500 million to diversify the bank’s funding sources and support its operations......»»
2.4M Dabawenyos working as of Oct 2023
The October 2023 Preliminary Employment report by the Philippine Statistics Authority-Davao Region (PSA-Davao) reveals that 64 percent of the 3.780 million Dabawenyos aged 15 and above are part of the labor force, indicating that 2.42 million individuals are employed. This represents a 1.8 percentage point increase from the previous year. The report also highlights a 97.1 percent employment rate in the Davao Region as of October 2023, with a 2.9 percent unemployment rate, lower than the national average. Despite this, the region still maintains the highest employment rate in the Philippines. Additionally, the report compares employment rates across different regions, with Soccsksargen, Barmm, Central Luzon, CAR, Caraga, Western Visayas, Cagayan Valley, Mimaropa, and Central Visayas surpassing the national average. The Bangsamoro Autonomous Region in Muslim Mindanao (Barmm) records the highest labor force participation rate among 17 regions, while the Zamboanga Peninsula has the lowest rate. The data is collected through the Labor Force Survey (LFS) conducted quarterly and monthly by the PSA central office and its regional statistical services offices. The Davao Region, with nearly 6 million inhabitants, remains the 7th most populous region in the country......»»
$247 million hot money exits Philippines in 2023
A total of $247.3 million worth of speculative funds exited the Philippines last year, reversing the $886.7 million net inflow recorded in 2022, according to the Bangko Sentral ng Pilipinas......»»
CFC Gentle Giants reveal PFL fixtures
CEBU CITY, Philippines — The Cebu Football Club (CFC) Gentle Giants will start their Philippines Football League (PFL) 2024 season with three matches in April. To recall, the Gentle Giants has almost completed in the overhaul in its roster and coaching staff, introducing new and returning faces into its fold for the PFL. CFC had.....»»
Exo s Suho returning to the Philippines in June
Korean singer-actor Suho, a member of the boy band Exo, is coming back to the Philippines this June as part of his upcoming Asia tour......»»
Elephant Grounds marks decade in the Philippines with new, returning items
Hong Kong-based cafe concept Elephant Grounds is celebrating 10 years in the Philippines by putting up a couple of new items on its food menu as well as the return of a crowd-favorite dessert......»»
Enhypen returning to Philippines in May 2024 for fun meet
Korean boy band Enhypen is making a swift return to the Philippines as the group participates in a 'fun meet' this May......»»
IN PHOTOS: Balik Cebu 2024
Summary: The Balik Cebu 2024 event, hosted at the Terraces, Ayala Center Cebu, has been a prominent part of the Sinulog festival for 22 years. In collaboration with the Cebu City Government, Mactan International Airport Association, and other tourism stakeholders, it aims to welcome back balikbayans (returning Filipinos) for the grand Sinulog festival. The Balik Cebu Dinner Show offers balikbayans the complete Sinulog experience, featuring Filipino cuisine, performances by Cebuano artists, the Sinulog Mardi Gras, the presentation of Miss Cebu winners and her court, Tribu Basakanaon, and a band performance. Tickets priced at P500 can be purchased at the Balik Cebu Turista Desk by presenting a passport or proof of residence outside the Philippines. Balikbayans can also buy up to three additional tickets for non-balikbayans accompanying them. The event will take place at Ayala Center Cebu on January 18 at 6 PM. (SPONSORED CONTENT).....»»
El Niño impact: 30M liters of water lost due to dry spell, says MCWD
CEBU CITY, Philippines — The hot season brought by the El Niño has significantly impacted the Metropolitan Cebu Water District (MCWD) water facility. It was evident in the production of MCWD’s surface water facilities in Barangay Jaclupan in Talisay City and Barangay Lusaran in Cebu City, said MCWD Chair, Lawyer Jose Daluz III, in a.....»»
Woman nabbed for alleged attempt to sneak in drugs into jail
CEBU CITY, Philippines- A woman was arrested by the jail personnel of Mandaue City Jail after she attempted to smuggle illegal drugs into the facility on Tuesday afternoon, February 13, 2024. The suspect was identified as Genalyn Andales Ople, of legal age, a resident of Barangay Canduman in the said city. According to Jail Superintendent.....»»
PLDT borrows P1 billion in green loans
Telco giant PLDT Inc. has borrowed P1 billion from the green loan facility of HSBC Philippines to bankroll the expansion and upgrade of its fiber network......»»
Tai Bundit eyes Spikers Turf title with Criss Cross King Crushers
Returning head coach Tai Bundit is setting the bar high in his first coaching stint back in the Philippines after three years, as he takes the reins over at new Spikers Turf team Criss Cross King Crushers......»»